CHOICEONE FINANCIAL SVCS INC (COFS) Stock Fundamental Analysis
USA - NASDAQ:COFS - US1703861062 - Common Stock
29.99 USD
-0.35 (-1.15%)
29.99 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to COFS. COFS was compared to 392 industry peers in the Banks industry. Both the profitability and financial health of COFS have multiple concerns. COFS is not priced too expensively while it is growing strongly. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
COFS had positive earnings in the past year.
COFS had a positive operating cash flow in the past year.
In the past 5 years COFS has always been profitable.
COFS had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
COFS's Return On Assets of 0.33% is on the low side compared to the rest of the industry. COFS is outperformed by 82.65% of its industry peers.
COFS has a worse Return On Equity (3.27%) than 81.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.33% | ||
| ROE | 3.27% | ||
| ROIC | N/A |
ROA(3y)0.93%
ROA(5y)0.91%
ROE(3y)11.71%
ROE(5y)10.39%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of COFS (11.44%) is worse than 80.61% of its industry peers.
COFS's Profit Margin has improved in the last couple of years.
COFS does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 11.44% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y1.55%
PM growth 5Y8.3%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
COFS does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, COFS has more shares outstanding
The number of shares outstanding for COFS has been increased compared to 5 years ago.
Compared to 1 year ago, COFS has an improved debt to assets ratio.
2.2 Solvency
COFS has a debt to FCF ratio of 2.97. This is a good value and a sign of high solvency as COFS would need 2.97 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.97, COFS is doing worse than 60.71% of the companies in the same industry.
A Debt/Equity ratio of 0.11 indicates that COFS is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.11, COFS is in the better half of the industry, outperforming 66.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 2.97 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC12.26%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 14.05% over the past year.
COFS shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.52% yearly.
Looking at the last year, COFS shows a very strong growth in Revenue. The Revenue has grown by 47.90%.
Measured over the past years, COFS shows a very strong growth in Revenue. The Revenue has been growing by 20.14% on average per year.
EPS 1Y (TTM)14.05%
EPS 3Y4.36%
EPS 5Y15.52%
EPS Q2Q%4.6%
Revenue 1Y (TTM)47.9%
Revenue growth 3Y5.01%
Revenue growth 5Y20.14%
Sales Q2Q%90.72%
3.2 Future
COFS is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.21% yearly.
Based on estimates for the next years, COFS will show a very strong growth in Revenue. The Revenue will grow by 24.18% on average per year.
EPS Next Y9.17%
EPS Next 2Y4.76%
EPS Next 3Y4.21%
EPS Next 5YN/A
Revenue Next Year72.4%
Revenue Next 2Y36.56%
Revenue Next 3Y24.18%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 8.79, which indicates a very decent valuation of COFS.
Based on the Price/Earnings ratio, COFS is valued cheaper than 91.07% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.38, COFS is valued rather cheaply.
A Price/Forward Earnings ratio of 8.41 indicates a reasonable valuation of COFS.
81.12% of the companies in the same industry are more expensive than COFS, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of COFS to the average of the S&P500 Index (22.86), we can say COFS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.79 | ||
| Fwd PE | 8.41 |
4.2 Price Multiples
COFS's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. COFS is more expensive than 75.51% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.7 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
COFS's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.96
PEG (5Y)0.57
EPS Next 2Y4.76%
EPS Next 3Y4.21%
5. Dividend
5.1 Amount
COFS has a Yearly Dividend Yield of 3.69%.
COFS's Dividend Yield is a higher than the industry average which is at 3.47.
Compared to an average S&P500 Dividend Yield of 2.38, COFS pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.69% |
5.2 History
The dividend of COFS has a limited annual growth rate of 0.25%.
COFS has paid a dividend for at least 10 years, which is a reliable track record.
COFS has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.25%
Div Incr Years13
Div Non Decr Years15
5.3 Sustainability
94.26% of the earnings are spent on dividend by COFS. This is not a sustainable payout ratio.
The dividend of COFS is growing, but earnings are growing more, so the dividend growth is sustainable.
DP94.26%
EPS Next 2Y4.76%
EPS Next 3Y4.21%
29.99
-0.35 (-1.15%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners39.7%
Inst Owner Change15.53%
Ins Owners5.59%
Ins Owner Change0.79%
Market Cap450.45M
Analysts84.44
Price Target35.7 (19.04%)
Short Float %2.04%
Short Ratio4.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.69% |
Yearly Dividend1.09
Dividend Growth(5Y)0.25%
DP94.26%
Div Incr Years13
Div Non Decr Years15
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.24%
Min EPS beat(2)8.09%
Max EPS beat(2)14.38%
EPS beat(4)3
Avg EPS beat(4)7.24%
Min EPS beat(4)-6.12%
Max EPS beat(4)14.38%
EPS beat(8)6
Avg EPS beat(8)8.86%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-1.21%
Min Revenue beat(2)-3.71%
Max Revenue beat(2)1.29%
Revenue beat(4)2
Avg Revenue beat(4)1.14%
Min Revenue beat(4)-3.71%
Max Revenue beat(4)7.52%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-0.94%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.3%
EPS NY rev (1m)0%
EPS NY rev (3m)2.26%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.24%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.64%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.79 | ||
| Fwd PE | 8.41 | ||
| P/S | 3.65 | ||
| P/FCF | 27.7 | ||
| P/OCF | 22.43 | ||
| P/B | 1.04 | ||
| P/tB | 1.66 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.41
EY11.37%
EPS(NY)3.57
Fwd EY11.89%
FCF(TTM)1.08
FCFY3.61%
OCF(TTM)1.34
OCFY4.46%
SpS8.22
BVpS28.75
TBVpS18.08
PEG (NY)0.96
PEG (5Y)0.57
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.33% | ||
| ROE | 3.27% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 11.44% | ||
| GM | N/A | ||
| FCFM | 13.16% |
ROA(3y)0.93%
ROA(5y)0.91%
ROE(3y)11.71%
ROE(5y)10.39%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y1.55%
PM growth 5Y8.3%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 2.97 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 24.98% | ||
| Cap/Sales | 3.09% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 115.03% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score5
WACC12.26%
ROIC/WACCN/A
Cap/Depr(3y)18.86%
Cap/Depr(5y)20.56%
Cap/Sales(3y)2.84%
Cap/Sales(5y)2.9%
Profit Quality(3y)186.62%
Profit Quality(5y)152.18%
High Growth Momentum
Growth
EPS 1Y (TTM)14.05%
EPS 3Y4.36%
EPS 5Y15.52%
EPS Q2Q%4.6%
EPS Next Y9.17%
EPS Next 2Y4.76%
EPS Next 3Y4.21%
EPS Next 5YN/A
Revenue 1Y (TTM)47.9%
Revenue growth 3Y5.01%
Revenue growth 5Y20.14%
Sales Q2Q%90.72%
Revenue Next Year72.4%
Revenue Next 2Y36.56%
Revenue Next 3Y24.18%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-64.07%
FCF growth 3Y10.34%
FCF growth 5Y40.98%
OCF growth 1Y-58.1%
OCF growth 3Y8.87%
OCF growth 5Y39.52%